BIT Mining Limited Announces Name and Ticker Change
Rhea-AI Summary
BIT Mining (NYSE: BTCM) announced it will change its English name to SOLAI Limited and its NYSE ticker to SLAI. Shareholders approved the English name change at an extraordinary general meeting on October 9, 2025. The company said the rebrand reflects a strategic shift from cryptocurrency mining toward a technology focus on artificial intelligence and blockchain integration. The company's American Depositary Shares, each representing 100 Class A ordinary shares, are expected to begin trading under the new name and ticker at the open on October 20, 2025.
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News Market Reaction
On the day this news was published, BTCM declined 7.96%, reflecting a notable negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $47M at that time.
Data tracked by StockTitan Argus on the day of publication.
As previously announced by the Company on August 20, 2025, its board of directors (the "Board") resolved to (i) change the Company's English name to "SOLAI Limited" (the "English Name Change"), subject to shareholders' approval to be obtained at an extraordinary general meeting of shareholders (the "EGM"), and (ii) change the ticker symbol to "SLAI". At the EGM held on October 9, 2025, the Company's shareholders approved the English Name Change by a special resolution.
"Our transition from BIT Mining to SOLAI marks a strategic shift from crypto mining to a technology enterprise at the intersection of artificial intelligence and blockchain. We see the next wave of innovation emerging where intelligent systems connect with decentralized infrastructure — enabling faster, safer, and more efficient exchange of information and value. SOLAI is building this foundation by applying our AI and blockchain expertise to develop reliable, scalable platforms for both human and autonomous participants. We are also creating unified environments that combine intelligence and connectivity across digital ecosystems, fostering more trusted and dynamic interactions among businesses and users." said Bo Yu, the Chairman of BIT Mining.
The Company's American Depositary Shares ("ADSs"), each representing 100 Class A ordinary shares, par value of
About BIT Mining Limited
BIT Mining Limited (to be renamed SOLAI Limited) (NYSE: BTCM) (to be changed to SLAI), is a technology-driven cryptocurrency infrastructure company expanding from its foundation in crypto mining to build a blockchain-based ecosystem spanning AI, stablecoins and payment infrastructure, and Solana treasury and staking operations — supporting use cases across institutional settlement, commerce, consumer payments, and AI-native agent transactions. By leveraging its blockchain and data infrastructure expertise, BIT Mining aims to enhance on-chain efficiency and expand participation across Solana and other blockchain ecosystems.
For more information:
BIT Mining Limited
ir@btcm.group
ir.btcm.group
www.btcm.group
Contact
Piacente Financial Communications
BITMining@thepiacentegroup.com
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SOURCE BIT Mining Limited
FAQ
What name change did BIT Mining announce and when does it take effect for trading?
What ticker will BTCM use after BIT Mining becomes SOLAI Limited?
When did shareholders approve BIT Mining's English name change to SOLAI Limited?
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Why is BIT Mining rebranding to SOLAI Limited?
Will the share structure or ADS ratio change with the name and ticker change?
